Germany’s Next Coalition Nears Deal On Legalizing Cannabis

Germany’s likely next ruling coalition is closing in on a deal to legalize cannabis for recreational use, the strongest signal yet that long-awaited growth of Europe’s marijuana market is gaining traction.

Negotiators for the Social Democrats, Greens and pro-business Free Democrats are hammering out the details, including conditions under which the sale and use of recreational cannabis would be allowed and regulated, according to people familiar with the talks, who asked not to be identified because the discussions are private.

They’re part of wider negotiations on forming a new government, with the three parties targeting early December for a new administration to take office under Social Democrat Olaf Scholz.

– Read the entire article at Bloomberg News.

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